agip wrote:
I think the assumption here is that we have some kind of mini-crash on Monday morning…I mean there is nothing but dismal sentiment out there and what is going to turn it exactly?
17x earnings is better than 22x earnings but is that going to attract many value guys? No.
In the meantime the dcf guys will assume 4% rates instead of 3% rates and sell like mad.
growth guys? Just trying to stay alive and not take new risk.
who is going to step in here and catch a falling knife?
only thing holding the market here is that earnings estimates are not dropping.
Against all my training I’m thinking of doing a material sell on Monday. As are a million other people all trying to get out the door at the same time. That’s about as bad as it gets.
maybe this is what capitulation feels like. When you can’t see a reason to own stocks.
which is the time to buy, I know.
venting.
merde.
the good news is that even after this dismal year we’re still up11-13% per year over 3-10 years. Playing with house money in a way.
The Dow has increased by by 120% in 14.5 years. That's about 5.5% per year, offset by inflation.
A big drop now and the past 15 years not looking so hot